Unemployment that results from fundamental technological changes in production, or from the substitution of new goods for customary ones, is:

Which of these statements is generally accepted by economists? Perfect competition

A) provides both equity and efficiency. B) provides equity but not necessarily efficiency. C) provides efficiency but not necessarily equity. D) generally satisfies neither efficiency nor equity.

A system in which money is issued by the government and its value is based uniquely on the public's faith that the currency represents command over goods and services is the

A) transactions approach. B) liquidity approach. C) fiduciary monetary system. D) transaction deposits.